Mantra (OM) Down 90%: Comeback in Sight or Crypto Collapse?🚨🚨🚨
In just one week, Mantra (OM) nosedived from $6.41 to $0.69 — a brutal 90% drop that left the community stunned. While rumors flew about a rug pull or redenomination, the team blamed automated liquidations and thin liquidity on exchanges.
Despite the chaos, 50% of OM’s supply is still staked and TVL holds strong at $342M. But with $199M in borrowing risk and weak price action below $1, recovery won’t come easy.
Mantra's next move? A planned token burn and a $109M fund to rebuild trust. But the real question is: Can they deliver before it’s too late?
High risk. High uncertainty. Eyes on the next move.
#om #Write2Earn! #PowellRemarks #CanadaSOLETFLaunch #MetaplanetBTCPurchase